Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. China Airlines's annualized net income for the quarter that ended in Mar. 2024 was NT$12,397 Mil. China Airlines's average shareholder tangible equity for the quarter that ended in Mar. 2024 was NT$75,169 Mil. Therefore, China Airlines's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 16.49%.
The historical rank and industry rank for China Airlines's Return-on-Tangible-Equity or its related term are showing as below:
TPE:2610'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -2.16 Med: 3.6 Max: 14.48
Current: 11.77
During the past 13 years, China Airlines's highest Return-on-Tangible-Equity was 14.48%. The lowest was -2.16%. And the median was 3.60%.
TPE:2610's Return-on-Tangible-Equity is ranked better than 58.99% of 929
companies
in the Transportation industry
Industry Median: 9.64
vs TPE:2610: 11.77
China Airlines Return-on-Tangible-Equity Historical Data
The historical data trend for China Airlines's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of China Airlines's Return-on-Tangible-Equity
For the Airlines subindustry, China Airlines's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
China Airlines's Return-on-Tangible-Equity Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, China Airlines's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where China Airlines's Return-on-Tangible-Equity falls into.
China Airlines Return-on-Tangible-Equity Calculation
China Airlines's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
China Airlines (TPE:2610) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
China Airlines Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of China Airlines's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
China Airlines Ltd provides air transportation services. The company is composed of its flight and non-flight segments. The flight segment is the core business of the firm and offers transport services primarily for passengers and cargo. A vast proportion of the company's revenue is generated from transporting passengers in its flight operating unit. The non-flight segment provides various services such as mail and ground solutions, data processing services to other airlines, aircraft maintenance, and aircraft leasing. It engages in air transportation services for passengers, cargo and others. The company's geographical segments include America, Northeast Asia, Southeast Asia, Europe, Australia, China, and Domestic.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TPE:2610 has been successfully added to your 